DALLAS—
ORIX Leveraged Finance, a business unit of ORIX USA Corporation (NYSE:IX) announced the closing of a unitranche debt facility for Luxury Optical Holdings. Proceeds were used to consummate several acquisitions and provide liquidity for the company's future growth. ORIX Leveraged Finance served as lead arranger, administrative agent and sole lender.

Headquartered in Las Vegas, Nev.,
Luxury Optical Holdings is a national retailer of luxury proprietary-branded and third-party optical frames, lenses and sunglasses. The company is principally owned by DLJ Merchant Banking and Goode Partners. Ted Thorp, co-head of ORIX Leveraged Finance, said, "We are excited to team up with DLJ Merchant Banking and Goode Partners to support their investment in Luxury Optical Holdings. Our unitranche credit facility is structured to provide a flexible capital solution to achieve the various growth avenues identified by the company and ownership group."

Michael Stanley, vice president at Goode Partners, credited ORIX Leveraged Finance with putting together a creative capital structure. He noted, "This is our first transaction with ORIX. They really impressed us with their ability to move quickly and deliver an aggressive one-stop financing. The flexible structure will allow Luxury Optical Holdings to capitalize on the exciting growth opportunities available to the company."

"We are excited to have the support of ORIX as we continue to execute on the company's growth plans," said Glenn Reisch, LOH’s president.

As
reported by VMail, LOH earlier this month acquired Opticians 3, a Boston area optical retailer, and in September, acquired Leonard’s Opticians’ two New York and one Los Angeles locations.

ORIX USA is a Dallas-based financial conglomerate with more than 1,400 employees and primary offices in Dallas, New York, Los Angeles, Columbus and Minneapolis. ORIX USA holds approximately $6 billion of assets and manages an additional $25 billion. ORIX USA is a wholly owned subsidiary of ORIX Corporation, a Tokyo-based, publicly owned international financial services company with operations in 28 countries worldwide. ORIX Corporation is listed on the Tokyo (8591) and New York Stock Exchanges (IX).